Diageo plc (NYSE:DEO) Shares Sold by Huntington National Bank

Huntington National Bank lowered its position in shares of Diageo plc (NYSE:DEO) by 34.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,811 shares of the company’s stock after selling 5,085 shares during the quarter. Huntington National Bank’s holdings in Diageo were worth $1,377,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in Diageo by 42.7% during the first quarter. Russell Investments Group Ltd. now owns 1,136 shares of the company’s stock worth $169,000 after purchasing an additional 340 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Diageo by 4.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,994 shares of the company’s stock worth $1,189,000 after buying an additional 355 shares during the last quarter. Koshinski Asset Management Inc. acquired a new position in shares of Diageo in the 1st quarter valued at about $208,000. Kingsview Wealth Management LLC grew its position in shares of Diageo by 15.4% during the 1st quarter. Kingsview Wealth Management LLC now owns 1,708 shares of the company’s stock valued at $254,000 after buying an additional 228 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. raised its stake in Diageo by 12.1% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 3,560 shares of the company’s stock worth $530,000 after acquiring an additional 385 shares during the period. Institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DEO. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Diageo presently has a consensus rating of “Hold”.

Diageo Stock Performance

NYSE DEO opened at $118.15 on Friday. The company has a 50-day moving average price of $131.74 and a two-hundred day moving average price of $131.95. Diageo plc has a 52 week low of $117.84 and a 52 week high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.